As a precurser I bought my first house a couple of months ago! Best goal I ever accomplished, best investment I ever made, and not to mention I own something!! I did extensive research for over a year and half and have just gone through the process so I offer these 2 tips:

House Buying Tips: #1

Always remember when buying a home youíre also buying the neighborhood surrounding it. The neighborhood is not only important because youíll have to live in it but because the neighborhoodís quality will have a huge impact on the appreciation value of your home.

Think about these neighborhood characteristics when deciding:

- What type of people live there? What is the age and occupations of most?

- Commuting distance to jobs. Are there offices and mass transit nearby?

- Presence of young families. Do children play freely in the neighborhood? This is a no brainer. If you donít see kids running around then parents donít feel like it is safe.

- Does the area have a strong diverse economy? Is there white collar and blue collar?

- Is there a good school system? ***This alone can make a huge difference in the value of homes and land. Even if you donít have children or plan to have them this is a very important consideration.

- Is there low crime rates?

- And last but not least what services and amenities does the area have to offer?

Answering these simple questions make all the difference when making a good investment.

House Buying Tips: #2

When visiting a house you need to keep a couple things in mind. The following tips will allow you to get the most out of a house visit.

Request the seller not be present.

Try not to be influenced by the furniture because it wonít be there the next time you see it!

Note any upgrades that might save you money later.

Observe the neighbors. Do they take care of the lawn? Is there broken down cars in their driveway?

Try to visualize the house in all seasons and weather.

Inquire about the infrastructure, including plumbing, electric, gas, heat, and air conditioning by asking for the seller's disclosure statement.

Make sure the floor plan provides enough space for everything you and/or your family will be bringing.

MAKE sure you take notes so you can keep track of the houses you visited. The average family tours over 15 homes. You will start to get confused if you donít try to distinguish what you liked and disliked about certain properties.

Good Luck!!!

Sat Feb 20, 2010 2:48 am

GambleNew Member

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Thanks for a nice tips, can you also post a "flat buying tips" ?

Cheers.

Tue Feb 23, 2010 4:48 am

zairaongNew Member

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great tips..
thanks for sharing..

Mon Mar 01, 2010 8:38 am

namratasnvPreferred Member

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Hello !!

The tips provided are really of great help to the new home buyers and one should always keep in mind the precautions mentioned before buying the home.

One more thing is that if you are having loan on your having loan on your new home so the policies should be such that would be best to suits you.

Really nice post. You have provided such a nice tips for buying home. Rather than all these you also should be one preview for the home furniture because furniture is plays an important role in home looks. You should check it out whether all the furniture arrangement is okay or not.

Sat Nov 05, 2011 5:06 am

MelKel1Member

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Thanks for the tips, I just started looking for my own house and want to make sure I don't make any little but impotant mistakes! Wish me luck!

Wed Dec 28, 2011 6:55 pm

JohnBroderickNew Member

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A home buyer should not spend more than 30% of their current earnings on a house payment without putting themselves at risk of a foreclosure.

Fri Jun 15, 2012 7:32 am

UFundMyCo11egeNew Member

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Thanks for the helpful tips!

My fiancee and I are looking to purchase a house (we are both first time buyers). It sounds like a fun, exciting, and long process. Haha.

Sun Jun 17, 2012 6:54 pm

nicoletteNew Member

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Buying a home is not a easy task. You should decide the budget first and check all the details about the home such as
Location
Surrounding area
Affordable price
and
Market value.
You should check all the legal documents of the home very well.

Mon Jul 09, 2012 9:29 am

Iona99Member

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2 Tips for First Time Homebuyers

You have much see the condition of those things which you want really buy. And get more info, that what have other general benefit.

Sat Jul 14, 2012 9:09 pm

devindennisMember

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Thank you so much for give us an important tips. its really help full too all of us ...........

Tue Jul 17, 2012 9:56 am

BibiDimiNew Member

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Coll tips, I would add another:
Consider buying a house with a tenants space separated. That way you'll get to rent our a part of your house and make an additional income to cover a part or your whole mortgage rate, and not to disturb your family life at all.
I hope you'll find this useful as well...